SaaS-based security management startup CloudSEK has raised Rs 14 crore in its Pre-Series A round led by Exfinity Venture Partners and StartupXseed.
Headquartered in Singapore and operations in Bengaluru, CloudSEK will use the fresh capital to expand its footprint in India and South East Asia.
As of now, the startup focuses on sectors like financial, e-commerce and transportation sector. With the latest proceeds, it plans to target the pharmaceuticals, petrochemicals and retail industry.
CloudSEK is an AI-driven unified risk management enterprise that helps clients assess their security posture in real-time from the perspective of an attacker. The startup’s flagship product “X-Vigil” provides specific, actionable and timely warnings that help customers intervene and take swift action, thus preventing costly breaches and losses.
CloudSEK cyber threat intelligence includes real-time social media, surface web, dark web monitoring, credential disclosure, data leakage identification besides monitoring the web.
A significant part of the fundraising will also be used to improve its patent product X-Vigil.
CloudSEK was found in 2015 by Rahul Sasi and got seed fund from M.E. Meeran Foundation, the investment arm of Kochi based Eastern Group. Its client list includes Federal Bank, Go-Jek, Bank Bazaar, HDFC Bank, Grab Taxi, and others.
Of late, another cybersecurity firm Lucideus had scooped up $5 million from John Chambers. US-based 4iQ and SecurityScorecard also compete with CloudSEK.
The development was reported by ET.